Commitment of traders looks like small speculators are overly optimistic about the US dollar now. I think that hedge funds are going short the dollar to test the 1.60 area to see how strong the G7 rhetoric really is in support of the dollar.

Commitment of traders looks like small speculators are overly optimistic about the US dollar now. I think that hedge funds are going short the dollar to test the 1.60 area to see how strong the G7 rhetoric really is in support of the dollar.